Midterm forecast: While the price is above the support 6000.00, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support at 6000.00 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is...
Hello, Looks like bull runs could not continue beyond a few weeks. 200 day Moving Average is a major resistance for BTC. Thus the touched it and came down twice is past month. Next support is near 7.6k at the bottom of the Ichimoku cloud. Let's see how it pays in next couple of weeks.
hello guys at the moment of writing this post we think that it's very difficult to predict what's going to happen next in cryto space especially by looking at charts of btc but we will try our best to give you our opinion on and our bias towards bitcoin, ok let's start-Right now we think that our major resistance line is very crucial to break for bulls to come...
After the three wave advance to the upside, the marked is reversing again towards the local lows at the level of $8,200. This small wave up might be a wave x, which indicates a possible drop lower towards the level of $7,712 as the correction evolves into a complex one. Moreover, the golden trend line is still providing the dynamic resistance for the price, so as...
For now everything is in accordance with the plan - we are continuing the correction in the wave (b). Note the drops towards the level of $ 8.653. In addition, the downward correction can always be longer over time and at a price, but we will find out soon.
Trading was volatile and bitcoin was about 11 percent higher near $7,680 as of 9:36 a.m.The sudden jump forced traders who had bet against the cryptocurrency to buy back into the market. "Once bitcoin broke higher, shorts were squeezed and forced to cover," said Brian Kelly, CNBC contributor and head of BKCM, which runs a digital assets strategy for...
It does not look too good for bulls, but they are still trying to push the prices higher. The important levels are : $9,538 (resistance) and $8,653 (support). The bullish impulsive count invalidation line is at the level of $8,405.
Buy Above = 9763.50 Target 1 = 10635.45 Target 2 = 11775 Stop loss will be provided post trigger
BITCOIN/DOLLAR Midterm forecast: There is possibility of temporary retracement to suggested support line (8180.60), if so, traders can set orders based on Price Action and expect to reach short-term targets. While the price is above the support 8180.60, resumption of uptrend is expected. We make sure when the resistance at 9774.80 breaks. If the support...
Wizard of farts and charts! Could this be the correct count after all?
BTC/USD is trading above downtrend line. CMP: 8544 SL: 7880 Target: 11485
The price reached $ 8,438 or 38% Fibo. Possible slight corrective drops. Support at $ 7,506 must withstand the pressure of supply so that the gains are still in play.
The end of the C wave from Wave 2 at $ 6,500 resulted in the price above the short-term trend line and the $ 7,500 test, which was then stamped. Currently, this level is a support for the price. The rally on the increased volume ($ 1,000 an hour exchange 30k of BTC fututres contracts) caused the price to reach the local resistance level at $ 8,265. This level is...
Bulls have won the fight, at least for now, which had all the ingredients of an epic war . Once that happens, bitcoin price could test the nearby inflection point at the 38.2% Fib around $8500 or the 50% Fib at $9122. The 61.8% Fib lines up with the triangle resistance near $10,000, which is also a key area of interest. Stochastic is pointing up to show that...
Hi Cryptianz, After our previous Successful Pull back SHORT call at $11200 we are getting ready for next Move of BTC We are testing Longer Bullish Trend which formed in Mid of 2017 Upto now we didn't close below this Bullish trend line may be we may close below this trend line by 05.04.18 or in next couple of days. At the same time we are in one of second high...
btc bounce back from 7500 to 9500 end of the may be going to hit 12000$ to 13500
Possible scenario how things may play out. What happens after the C wave is the question.